From Nasdaq: 2025-02-16 08:08:00

Enbridge (NYSE: ENB) has a stable business with predictable cash flow from pipelines and utilities, hitting financial guidance for 19 consecutive years despite facing challenges like financial crises and a pandemic. The company saw a historic year in 2024, growing EBITDA by 13% to $13.3 billion and DCF by 6% to $8.5 billion, boosted by a significant U.S. gas utilities acquisition.

Enbridge’s solid performance in 2024 sets the stage for future growth, with adjusted EBITDA expected to reach $13.7-$14.2 billion in 2025 and DCF per share set to rise by up to 5.4%. The company has $18.4 billion in projects under construction, including expansions in natural gas systems and renewable energy, supporting long-term growth in the coming years.

Looking ahead, Enbridge’s low-risk assets and strategic investments position it well for steady growth, making it a compelling investment for those seeking a rising income stream. While not among the 10 best stocks recommended by Stock Advisor, the company’s track record of dividend increases over 30 years and ongoing expansion projects make it a strong long-term play.



Read more at Nasdaq: This 6%-Yielding Dividend Stock Hits Its Target for the 19th Year in a Row